With the economy at a high going into 2023, a higher resale value on your home can really benefit you in the long term and ensure that you see a high return on your investment.
The best part about improving your resale value is that you’re making the most out of the investment that you made into your house. Doing it with a new roof is a straightforward and simple way to improve resale that doesn’t need to take a lot of work on your part.
At WISA, we’re always trying to give our clients the best bang for their buck and help them make great decisions along the way. That’s why we put this article together to help you get started on improving your resale value.
ROI for a New Roof
One of the main reasons that a new roof is a smart investment is because the benefits seen in resale value far outweigh the cost of completing the project. In the Washington D.C. area alone, you can expect to see 60-70% of your cost recouped in resale value.
These numbers are just a rough average and have the potential to be much higher, depending on the age of your roof when the home was purchased.
When to Replace a New Roof
It’s recommended that an asphalt shingle roof be replaced when it reaches about 20 years old. At this time, the asphalt shingles begin to deteriorate and lose their ability to shed water properly and could begin leaking into your home.
Here are some signs it’s time to replace your roof:
- The edges of shingles are curling or breaking off
- Shingles have bald spots where granules are missing
- Your shingles are cracking
- The roof is spongy and not solid
How it Affects Resale Value
When selling a home, you will need to know what a buyer is going to be looking for. If you have a home that is not maintained properly and a roof that needs replacement, buyers aren’t going to pay as much for the house.
Replacing a roof is a big project and it isn’t something they would want to worry about when purchasing a new home. Most realtors are going to tell you that replacing your roof is always going to help your house sell faster and for more money.
Finding the Right Roofers
If you have notice damages on your roof that requires repairs of replacement, it is recommended to find a high-quality roofer to do the work for you. Sourcing for a reliable roofer can help you get the job done on time and without causing you any stress.
We recently put together this post to help you find the right contractor for your project: Questions to Ask a Roofing Contractor Before You Hire Them.
At WISA, we put the customer first and are completely transparent with you in our processes. We have been serving Northern Virgina for over 25 years and have received numerous 5 star reviews from customers. Reach out to us for a free estimate today, we’d love to help you reach your new roof goals.